The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Fintech platforms outpace bank brokerages in new survey + MORE Apr 9th
Fintech companies are leading in client satisfaction compared with self-directed brokerages at traditional banks, a new report shows. A JD Power survey on investor satisfaction found fintechs aren’t just winning on consumer satisfaction but are also perceived to be more innovative and equally .... More »
Feds seek input on shifting some mortgage default risk from taxpayers to banks - CanadianBusiness.com + MORE Oct 21st
The Globe and MailFeds seek input on shifting some mortgage default risk from taxpayers to banksCanadianBusiness.comOTTAWA – The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the sho.... More »
As feds consider Bombardier’s plea, Notley calls on Ottawa to support Alberta + MORE Feb 22nd
OTTAWA – With the federal government considering aid for aerospace giant Bombardier — Alberta Premier Rachel Notley is calling for more support in her province.
Notley told CTV’s Question Period Sunday that all Canadians benefit from a strong Alberta economy — which is struggling ami.... More »
Making sense of the markets this week: January 21, 2024 Jan 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Bitcoin goes mainstream—the exact stream that was supposed to run dry
I remember a few short years ago, bitcoin truthe.... More »
New CEO of mortgage lender Home Capital says corporate culture is critical + MORE Aug 3rd
The new CEO of Home Capital Group (TSX:HCG) says ensuring the company, which nearly collapsed earlier this year, has the right corporate culture is critical to its future.
In his first day on the job Thursday, Yousry Bissada said while the lender’s core executive team is strong, there is still.... More »
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of October 19:
Dimension Therapeutics Inc. – Cambridge, Mass., 5.5 million shares, priced $14 to $16, managed by Goldman Sachs, and Citigroup. Proposed Nasdaq symbol DMTX. Business: Developing novel, liver-directed gene therapies for rare genetic disorders.
Ferrari N.V. – Maranello, Italy, 17.2 million shares, priced $48 to $52, managed by UBS, and BofA Merrill Lynch. Proposed NYSE symbol RACE. Business: Italian luxury sports car manufacturer spun out of Fiat Chrysler.
Multi Packaging Solutions International Ltd. – New York, but incorporated in Bermuda, 18.8 million shares, priced $15 to $17, managed by BofA Merrill Lynch, Barclays, and Citigroup. Proposed NYSE symbol MPSX. Business: Global manufacturer of paper packaging for consumer and health care products.
Below issues were previously scheduled and did not price:
Adesto Technologies Corp…
Week of October 19:
Dimension Therapeutics Inc. – Cambridge, Mass., 5.5 million shares, priced $14 to $16, managed by Goldman Sachs, and Citigroup. Proposed Nasdaq symbol DMTX. Business: Developing novel, liver-directed gene therapies for rare genetic disorders.
Ferrari N.V. – Maranello, Italy, 17.2 million shares, priced $48 to $52, managed by UBS, and BofA Merrill Lynch. Proposed NYSE symbol RACE. Business: Italian luxury sports car manufacturer spun out of Fiat Chrysler.
Multi Packaging Solutions International Ltd. – New York, but incorporated in Bermuda, 18.8 million shares, priced $15 to $17, managed by BofA Merrill Lynch, Barclays, and Citigroup. Proposed NYSE symbol MPSX. Business: Global manufacturer of paper packaging for consumer and health care products.
Below issues were previously scheduled and did not price:
Adesto Technologies Corp…
Why there is No Such Thing as A Free Gift
– macleans.ca
NO SUCH THING AS A FREE GIFT
Linsey McGoey
The Bill and Melinda Gates Foundation is the largest private foundation in the world, with an endowment valued around US$41 billion—with Warren Buffett and Gates pledging much of their fortunes, it will grow bigger—and a total annual grant of around $4 billion. This puts it in the same weight category as the World Health Organization—if the WHO’s budget were controlled by one couple. McGoey’s new book is a timely criticism of a society that allows an individual to accumulate such a distorting amount of financial power; it is an indictment of unaccountable power in general and of the Gates Foundation in particular.
Compared with the originals, Andrew Carnegie and David Rockefeller, who bought goodwill with charity envelopes while calling in the National Guard to shoot striking workers, McGoey finds contemporary “philanthrocapitalists” too comfortable with pursuing self-interest and the public too distracted by one side of the account…
Standard and Poor’s says credit outlook worsens for some Canadian energy firms
– canadianbusiness.com
CALGARY – Standard and Poor’s says the picture is getting worse for six Canadian oil and gas names.
The credit rating agency says it has taken what it calls negative ratings actions on two big companies — Cenovus Energy (TSX:CVE) and Husky Energy (TSX:HSE) — along with four smaller ones.
Husky and Cenovus maintain their investment-grade ratings, but Cenovus’ rating has been lowered a notch and the outlook for Husky has been changed from stable to negative.
Standard and Poor’s says the changes reflect the greater risk resulting from persistent weakness in oil and natural gas prices.
The agency has also singled out four so-called speculative Canadian energy firms: Harvest Operations, Jupiter Resources, Bellatrix Exploration (TSX:BXE) and Lightstream Resources (TSX:LTS).
Harvest, Jupiter and Bellatrix have had their ratings lowered, while Lightstream’s outlook has changed from stable to negative.
Follow @LaurenKrugel on Twitter
The post Standard and Poor’s says credit outlook worsens for some Canadian energy firms appeared first on Canadian Business – Your Source For Business News.
The credit rating agency says it has taken what it calls negative ratings actions on two big companies — Cenovus Energy (TSX:CVE) and Husky Energy (TSX:HSE) — along with four smaller ones.
Husky and Cenovus maintain their investment-grade ratings, but Cenovus’ rating has been lowered a notch and the outlook for Husky has been changed from stable to negative.
Standard and Poor’s says the changes reflect the greater risk resulting from persistent weakness in oil and natural gas prices.
The agency has also singled out four so-called speculative Canadian energy firms: Harvest Operations, Jupiter Resources, Bellatrix Exploration (TSX:BXE) and Lightstream Resources (TSX:LTS).
Harvest, Jupiter and Bellatrix have had their ratings lowered, while Lightstream’s outlook has changed from stable to negative.
Follow @LaurenKrugel on Twitter
The post Standard and Poor’s says credit outlook worsens for some Canadian energy firms appeared first on Canadian Business – Your Source For Business News.
General Electric profit beats expectations, buoyed by aviation
– theglobeandmail.com
The conglomerate overall reported third-quarter earnings of $2.51-billion
Volkswagen hires compliance exec from competitor Daimler to help deal with emissions scandal
– canadianbusiness.com
FRANKFURT – Automaker Volkswagen is hiring a top anti-corruption manager from competitor Daimler as it struggles to clean up a scandal over cheating on U.S. diesel emissions tests.
The company said Friday it would hire lawyer Christine Hohmann-Dennhardt as an executive on the company’s top management body tasked with integrity and legal affairs effective from Jan. 1.
Before working for Daimler, Hohmann-Dennhardt, 65, served as a judge on Germany’s Federal constitutional Court and as justice minister in the state of Hesse in southwestern Germany.
Daimler said it was agreeing to release her from her contract as compliance executive in the interests of good corporate governance.
Naming a compliance executive was a step taken by Daimler AG and German industrial equipment maker Siemens after bribery scandals at those companies. The idea is to put someone responsible for clean business practices at the very top level of management. German corporations are run by a management board comprised of the top executives such as the CEO and chief financial officer…
The company said Friday it would hire lawyer Christine Hohmann-Dennhardt as an executive on the company’s top management body tasked with integrity and legal affairs effective from Jan. 1.
Before working for Daimler, Hohmann-Dennhardt, 65, served as a judge on Germany’s Federal constitutional Court and as justice minister in the state of Hesse in southwestern Germany.
Daimler said it was agreeing to release her from her contract as compliance executive in the interests of good corporate governance.
Naming a compliance executive was a step taken by Daimler AG and German industrial equipment maker Siemens after bribery scandals at those companies. The idea is to put someone responsible for clean business practices at the very top level of management. German corporations are run by a management board comprised of the top executives such as the CEO and chief financial officer…
